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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
The balances of select accounts of Sandra, Inc. as of December 31, 2016 are given below:

   Debit   Credit
Building   $140,000   
Cash   8,000   
Office Supplies   1,100   
Furniture   5,000   
Prepaid Insurance   450   
Accumulated DepreciationFurniture      $3,000
Land   32,000   
Accumulated DepreciationBuilding      4,700
Accounts Receivable   2,300   

The insurance has been prepaid until June 30, 2017. Determine the amount of total current assets reported on the balance sheet. 
A) $9,100
B) $11,850
C) $9,550
D) $15,300
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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.unplugged..unplugged.
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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#3
5 years ago
thank you
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